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Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying. After listening awhile I get a deep sense of hopelessness and foreboding for our country. The most important thing for the left is giving money to people. They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits. They utterly fail to see the damage it is doing to the recipients. Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones. These people are no longer employable. They have become incompetent and helpless and the liberals can’t see that it’s their doing.

There is very good reason to believe that the largest redistribution of wealth that has been seen in modern times is likely to occur over the coming years.

The older that you are – the more likely it is that wealth will be redistributed away from you instead of towards you. If you have been following the conventional wisdom for retirement investing – the value of savings and investments will likely evaporate. And if you're nearing retirement, you may not have that many working years left to recover from the damage, with jobs being difficult to come by even if you want to work.

So the older compete against the younger - not just for jobs, but for goods and services, where the younger workers have the current income in inflation-adjusted terms to buy these desirable goods – and the older don't. Thus, the older citizens become impoverished relative to the younger citizens. This is a history that has been repeated time and again across nations and across the centuries – it is the pensioners that get nailed.